Audjpylong
AUDJPY - LONG
Hey,
New to Elliot Wave Theory so hoping I've got this correct, still trying to get my head round it. Any advice would be appreciated.
Price just broke out of the contracting triangle at the end of sub wave 4 of wave 3. So I'm expecting a price to rise to complete sub wave 5 of wave 3 before having a deeper correction for Wave 4.
I've opened a long trade based off this analysis and my target is .618 zone.
Great entry AUDJPYI made a setup for this trade last night, however I didn't place it as I had a comfortable profit of about 2% for the day and was going away from my desk, annoyed I didnt place it, however its still nice to see your analysis being correct! Very nice trade, not dipping into the L area and just tipping over the TP before reversing.
AUDJPY:Intraday dip buying!AUDJPY
Intraday - We look to Buy at 89.25 (stop at 88.35)
Intraday signals are mildly bullish. There is scope of limited selling at the open. Support at 89.00 should stem any dips in that zone. Dip buying offers good risk/reward returns on an intraday basis. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 91.25 and 91.50
Resistance: 91.00 / 91.25 / 91.50
Support: 90.00 / 89.25 / 89.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Wed 18th May 2022 AUD/JPY Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/JPY Buy. Enjoy the day all. Cheers. Jim
AUDJPY: Will AUDJPY Confirm Its Bull Run?
AUDJPY is forming a contracting triangle.
Price had completed the (D) wave, and I have given the short-term selling targets of wave (E) of wave ((4)).
In my previous article, I have mentioned that "Wave (E) can complete between 0.618 to 0.786% Fibonacci levels.
That's why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets of wave ( E)".
Price has reached all targets of wave (E).
Click Here to read the previous article:
The ending point of wave (E) is the starting point of an impulsive cycle.
Due to bearish sentiments, the price may touch the A-C trendline and start the bullish move.
Safe traders can enter after price make an excess on the lower band of the channel.
They can expect the following targets 82.565 - 83.850 - 84.185+.
Invalidation: Breakdown of the A-C trendline .
Buy the retracement on AUDJPYHello traders
At the previous week's low, a bullish Order Block has been created which has led to the creation of a breaker block.
After the price rallied up high it retested the breaker block and created a bullish order block within it. I look forward to see the price rally higher to take out the liquidity on the upside.
AUDJPY: Bullish recovery?AUDJPY
Intraday - We look to Buy a break of 91.00 (stop at 90.10)
Previous support located at 90.00. Previous resistance located at 91.00. Price action looks to be forming a bottom. A move through 91.00 will confirm the bullish momentum.
Our profit targets will be 93.00 and 93.25
Resistance: 91.00 / 91.50 / 93.00
Support: 90.00 / 89.75 / 89.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
AUDJPY LONGS ACTIVE 📉📉📉AUDJPY - LONGS ACTIVE ✅ sell side liquidity + weekly lows liquidity has been taken out. Expecting bullish price action from this area as we have to fill the bearish imbalances, the price also rejected a D1 bullish orderblock area + retail traders are short on this pair.
Retail herd positions average - 68% short positons = LONG SIGNAL ✅
What do you think ? Comment below..
Finally AUD/JPY Closed Above Res,Long Entry After D ConfirmationThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions